UK: Cabs go up 26% due to Uber image

Since Uber started working in London, the number of private hire vehicles witnessed a massive growth of 26% in the past two years.

The number of private hire vehicles went up 3% between 2009 and 2011, followed by a 2% decline in 2012 and 2013. It looks as if the American car-hailing up has boosted the latent minicab sector, as there are now 62,754 private hire cars in London, according to the Department of Transport, a very big difference from 49,854 in 2013.

On the other hand, the number of minicab companies in London went down 5% to 3,000 operations over the same couple of years.

At the moment, there are 15,000 Uber drivers in London, and the company’s CEO Travis Kalanick said that they are expecting the numbers to rise up to 42,000 in 2016.

While the number of taxis seems to have sported a small increase from 2005 up to 2015 of only 750 more units added to the total, the private hire vehicles increased more with 22,754 units over the same decade.

Uber made its debut in the U.K. in 2012 and managed to expand to eight cities, Manchester, London, Leeds and Newcastle included. The Department for Transport statistics said that the number of licensed taxis and private hire vehicles in England rose 9% in the last two years, reaching 242,000 units, a record high since 2005.

The number of black taxis in London also saw an increase of 1.5% in 2014 and 2015, as 22,500 Hacknet Carriages are driving on the streets of the capital, 58 fewer though than in 2011, before Uber’s launch there.

 

By Gabriela Florea